Infrastructure as a Service - Europe

Europe

Revenue in the Infrastructure as a Service market is projected to reach €32.02bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.67%, resulting in a market volume of €78.58bn by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach €76.61 in 2024.
In global comparison, most revenue will be generated in the United States (€72,590.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Infrastructure as a Service market in Europe is experiencing significant growth and development, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the European market are shifting towards Infrastructure as a Service solutions due to their flexibility, scalability, and cost-effectiveness. Businesses are increasingly looking for ways to streamline their operations and reduce IT infrastructure costs, and Infrastructure as a Service offers a viable solution. By outsourcing their infrastructure needs to cloud service providers, businesses can focus on their core competencies and adapt quickly to changing market demands. Trends in the European Infrastructure as a Service market reflect the growing demand for cloud-based solutions. More and more businesses are adopting Infrastructure as a Service to leverage the benefits of virtualization, automation, and on-demand scalability. Additionally, the rise of digital transformation initiatives across industries is driving the need for Infrastructure as a Service solutions that can support modern applications and workloads. Local special circumstances also play a role in the development of the Infrastructure as a Service market in Europe. The region has a highly competitive landscape, with both global and local cloud service providers vying for market share. This competition drives innovation and leads to the introduction of new features and services, further fueling the growth of Infrastructure as a Service. Furthermore, European countries have different regulatory frameworks and data protection laws, which impact the adoption of cloud services. Some countries have strict data sovereignty requirements, necessitating the use of local Infrastructure as a Service providers. This creates opportunities for local providers to cater to the specific needs of businesses operating within those countries. Underlying macroeconomic factors also contribute to the growth of the Infrastructure as a Service market in Europe. The region is experiencing economic growth, and businesses are looking for ways to optimize their operations and reduce costs. Infrastructure as a Service offers a cost-effective solution by eliminating the need for upfront capital investments in hardware and software. Additionally, the ongoing digital transformation across industries is driving the need for scalable and agile IT infrastructure, further boosting the demand for Infrastructure as a Service. In conclusion, the Infrastructure as a Service market in Europe is witnessing significant growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Businesses are increasingly adopting Infrastructure as a Service solutions to leverage the benefits of flexibility, scalability, and cost-effectiveness. The rise of digital transformation initiatives and the competitive landscape in Europe further drive the demand for Infrastructure as a Service. With the region's diverse regulatory frameworks and data protection laws, local providers have an opportunity to cater to specific market needs. Overall, the growth of the Infrastructure as a Service market in Europe is fueled by the region's economic growth and the need for businesses to optimize their operations and reduce costs.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.